#more declines

Bitcoin Cash Price Analysis: BCH/USD Facing Key Resistance Near $450

Key Points

Bitcoin cash price traded to a new low at $410 before starting a recovery against the US Dollar.

This week’s highlighted important bearish trend line could stop upsides near $450 on the hourly chart of the BCH/USD pair (data feed from Kraken).

The pair is recovering, but it is about to face major hurdles near the $440 and $450 resistance levels.

Bitcoin cash price traded towards the…

Ripple Price Analysis: XRP/USD Could Break $0.4300

Key Highlights

Ripple price struggled to break the $0.4650 resistance and declined below $0.4500 against the US dollar.

There was a break below an ascending channel with support at $0.4550 on the hourly chart of the XRP/USD pair (data source from Kraken).

The pair is currently under pressure and it could even break the last swing low near $0.4300.

Ripple price failed to gain momentum against the…

Ethereum Price Analysis: ETH/USD Could Extend Declines

Key Highlights

ETH price was not able to move above the $510 resistance and is currently under pressure against the US Dollar.

There was a break below a crucial bullish trend line with support at $500 on the hourly chart of ETH/USD (data feed via Kraken).

The pair remains at a risk of more losses as long as it is below $510 and the 100 hourly simple moving average.

Ethereum price is currently in…